OCR Text |
Show TO BORE FOR OIL. A Party of Geutleinen Incorporate for the Purpose of Sinking; Wells. The Utah Oil company has been organized or-ganized to bore immediately for oil in a region south of Green river station on the Denver & Rio Grande Western railroad. rail-road. The duration of the corporation is to be thirty years, and was formed with the following officers: T. W. Wampler, president; R. A. Caples, soo retary; F. L. Holland, treasurer. The geutlemen with H. T. Donovan, compose com-pose the directory. The capital stock is $200,000, divided into 10.000 shares of the par value of $20 each. There is every indication that oil exists in that region, there being several sev-eral oil springs ou the river bank" about five miles from the railroad crossing. The oil found in these spring has been used by the farmers and others for vears as a lubricant in its natural stale. Work of sinking tho well will commence inside in-side of thirty days, |